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Nonprofit · EIN 62-1794837

KNAPP FOUNDATION INC

Tax-exempt · BARTLETT, TN 38134

Financials

$419K$745K2023$1.3M$767K2024
Revenue Expenses · by fiscal year end
Financials of KNAPP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF (amended)$1,260,020$766,997$493,023$8,592,552$0$8,592,552
December 31, 2023990-PF$418,531$744,794-$326,263$8,099,529$0$8,099,529
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$315,201
Net gain from sales of assets
$886,201
Other income
$58,618

Expenses

Grants and similar amounts paid
$230,000
Compensation of officers, directors and key employees
$240,289
Disbursements for charitable purposes
$491,981
Excise tax on investment income
$13,749

Balance sheet and other

Total assets, start of year
$8,099,529
Total assets, end of year
$8,592,552
Total liabilities, end of year
$0
Net assets, end of year
$8,592,552
Fair market value of assets
$10,889,955
Qualifying distributions
$491,981
Net investment income
$1,260,020

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LORI CONDO LOCKE
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
CHAIRMAN40$113,000
MARCIA R BRASEL
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
TREASURER34$60,383
LAURA HAMER
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
BOARD MEMBER5$52,160
CHERYL CONDO
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
BOARD MEMBER5$14,746
ELLEN DOUGLAS
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
BOARD MEMBER5$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
LORI CONDO LOCKE
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
CHAIRMAN40$108,600
LAURA HAMER
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
BOARD MEMBER5$49,560
MARCIA R BRASEL
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
TREASURER34$45,000
CHERYL CONDO
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
BOARD MEMBER5$40,000
ELLEN DOUGLAS
3173 KIRBY WHITTEN PARKWAY STE 105, BARTLETT, TN 381342823
BOARD MEMBER5$0

Address and contacts

Address (IRS master file)
3173 KIRBY WHITTEN RD STE 105, BARTLETT, TN 38134-2881
In care of
% MARCIA BRASEL
Signed the 990-PF
LORI CONDO LOCKE, CHAIRMAN
Phone
(901) 527-6666
Return prepared by
THE MARSTON GROUP PLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
62-1794837
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$8,536,791
Income (IRS master file)
$1,495,735

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,260,020$766,997$8,592,552XML
990-TDecember 2024–––IRS
990-PFDecember 2023$418,531$744,794$8,099,529XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1794837).

Questions about KNAPP FOUNDATION INC

What is the EIN of KNAPP FOUNDATION INC?
The employer identification number (EIN) of KNAPP FOUNDATION INC is 62-1794837.
Is KNAPP FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to KNAPP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KNAPP FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of KNAPP FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KNAPP FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of KNAPP FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $113,000 (LORI CONDO LOCKE, CHAIRMAN).
How much revenue does KNAPP FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,260,020, expenses of $766,997 and total assets of $8,592,552 at year end.

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